Stablecoin market cap hits new all-time high amid 11 months of growth

Why are people protesting against Elon Musk? Elon Musk, once celebrated as a tech visionary behind Tesla and SpaceX, has faced growing backlash due to his political ties, controversial corporate decisions and provocative public statements. Born in 1971 in Pretoria, South Africa, Elon Musk co-founded Zip2 in 1995, which was sold to Compaq in 1999.

A new round of documents have been filed in the lengthy dispute between the United States Securities and Exchange Commission, or SEC, and Kik Interactive Inc. over the messaging company’s 2017 initial coin offering, or ICO.Both parties are seeking summary judgment, with the SEC submitting a proposed order that it hopes the court will sign.However,…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Limping out of 2021Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end of a…

Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC traders call time on upside potentialData from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend.The pair saw only fractional volatility at…

Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go public through a direct listing and the latter preparing for a lucrative fundraising…

Coinbase CEO Brian Armstrong is calling for legislative changes in the US to allow stablecoin holders to earn “onchain interest” on their holdings. In a March 31 post on X, Armstrong argued that crypto companies should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.” He added that

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, September became the biggest month of crypto exploits in DeFi, with over $300 million in losses, and the popular DeFi lending protocol Yield announced

A widely misinterpreted announcement from the HBAR Foundation has sparked confusion among crypto influencers and sent the price of HBAR token soaring.

The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. 106 Total views 13 Total shares The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset…